News
Bitget Releases MENA Investor Stats On Imminent Bitcoin Halving
The crypto exchange has conducted a study revealing MENA investors’ bullish sentiment on BTC, with 82% planning increased 2024 investments.
Renowned cryptocurrency exchange and Web3 company Bitget has published an extensive study examining the imminent Bitcoin halving set for April 2024 and its potential impact on investment strategies.
The global investigation included the MENA region and revealed how investors felt about the upcoming Bitcoin halving event and the alterations they plan on making to their investment strategies.
Key Findings From The Bitget Study:
- 80% of MENA investors anticipate that the halving will substantially influence Bitcoin’s price, with 54% envisioning Bitcoin’s value fluctuating between the $30,000 to $60,000 range at the time of the halving.
- 88% of MENA participants think BTC will surpass its all-time high during the upcoming bull run.
- 82% of crypto investors residing in MENA countries intend to augment their investments in 2024, with merely 4% planning a reduction in crypto holdings.
The data suggests a sense of optimism among MENA investors, both in the short-term and long-term prospects of Bitcoin. Notably, MENA crypto enthusiasm outshines that of European investors, with only Latin American crypto enthusiasts being more bullish.
Turning attention to the post-halving era, MENA investors strongly agree that BTC will outperform its previous all-time high during the impending bull run. Despite resounding optimism, only 26% of MENA investors believe the cryptocurrency will reach the $100,000 mark within the current year.
Gracy Chen, Bitget’s Managing Director, commented: “The Bitget Study on BTC halving impacts provides valuable insights into the evolving landscape of cryptocurrency investment. The findings reflect a broad spectrum of expectations and investment plans, indicating that 2024 will be a significant year for the Bitcoin market”.
Also Read: 3 Best Cold Storage Wallets For Crypto
Interestingly, investors in Eastern Asia, Western Europe, and Latin America display higher optimism about Bitcoin’s potential to reach the $100,000 to $150,000 range compared to their MENA counterparts. Nonetheless, a notable 11% of MENA investors remain even more optimistic, anticipating Bitcoin’s value to surge beyond the $150,000 threshold.
The study also unveils intriguing trends in investment plans for the year 2024. A substantial 82% of surveyed MENA investors intend to amplify their cryptocurrency investments this year, a figure that surpasses the global average of 70%.
News
UAE-Built Falcon-H1 Arabic Leads LLM Benchmarks
The lean Emirati-built language model beats larger global systems and puts Arabic at the center of training.
Abu Dhabi’s Technology Innovation Institute has released an Arabic-first large language model that tops global test boards, an uncommon edge for a region long served by English-centric systems.
Falcon-H1 Arabic comes in 3B, 7B and 34B versions. The flagship posts 75.36% accuracy on comprehensive Arabic tasks and ranks first on the Open Arabic LLM Leaderboard. It also outperforms Meta’s Llama-70B and Alibaba’s Qwen-72B while using less than half their parameters. The smallest model beats Microsoft’s Phi-4 Mini by ten percentage points on equivalent benchmarks.
Arabic remains hard territory for AI. Flexible word order, dense morphology and constant switching between regional dialects and Modern Standard Arabic leave many global models missing context or tone. Academic research has pointed to a shortage of annotated datasets for dialect and informal speech. The impact shows up in classrooms, call centers and government portals where Arabic chatbots lag their English counterparts.
TII trained Falcon-H1 Arabic on formal writing, dialects and culturally grounded content. Beyond scores, it handles practical use: long conversations, reasoning rather than literal translation, and inputs of up to 192,000 words — enough for medical records or legal filings.
“The aim is innovation that is accessible, relevant, and impactful,” said Faisal Al Bannai, Adviser to the UAE President and Secretary-General of the Advanced Technology Research Council.
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Arabic is spoken by more than 450 million people across over 20 countries, yet has often been treated as a secondary language for foundation models. The UAE move signals a push to flip that logic and build Arabic-native stacks rather than wait for global systems to improve.
Falcon models have led their categories since 2023. With H1 Arabic, TII is offering free access via chat.falconllm.tii.ae for developers, media, healthcare and public-sector users looking to automate in natural Arabic.
As the region continues to invest in sovereign computing and data localization, the addition of Falcon-H1 Arabic adds a powerful tool built for the native language, instead of an afterthought attached to an English-trained system.
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